[Federal Register Volume 84, Number 204 (Tuesday, October 22, 2019)]
[Notices]
[Pages 56476-56477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22965]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will submit 
the following information collection requests to the Office of 
Management and Budget (OMB) for review and clearance in accordance with 
the Paperwork Reduction Act of 1995, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before November 21, 2019 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collections, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Suite 6032, Alexandria, VA 22314, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0004.
    Type of Review: Revision of a currently approved collection.
    Title: NCUA Call Report.
    Forms: NCUA Form 5300.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions (FICUs) to make financial 
reports to the NCUA. Section 741.6 of the NCUA Rules and Regulations 
requires all FICUs to submit a Call Report (NCUA Form 5300) quarterly.
    Financial information collected through the Call Report is 
essential to NCUA supervision of federal credit unions. This 
information also facilitates NCUA monitoring of other credit unions 
with share accounts insured by the National Credit Union Share 
Insurance Fund (NCUSIF).
    Estimated Total Annual Burden Hours: 84,928.
    Reasons for change: The Profile (NCUA Form 4501A) and its burden 
requirements have been removed from this OMB control number and NCUA 
will obtain a separate OMB control number. The burden hours reflect 
this adjustment and a reduction in the number of respondents due to the 
decline in the number of FICUs from 5,375 to 5,308. Revisions are 
attributed to the issuance of account standards codifications (ASC) by 
the Financial Accounting Standards Board and the modification to the 
Payday Alternative Loan caption to include PALs II. These revisions 
will not alter the estimated burden hours to complete this filing. 
Modifications to the account code classifications and the revisions to 
text will not impact the burden.
    OMB Number: 3133-NEW.
    Type of Review: New collection.
    Title: NCUA Form 4501A.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions to make financial reports to 
the NCUA. Section 741.6 requires insured credit unions to submit a 
Credit Union Profile (NCUA Form 4501A) and update the Profile with 10 
days of election or appointment of senior management or volunteer 
officials or 30 days of other changes in Program information. The NCUA 
website further directs credit unions to review and certify their 
Profiles every Call Report (OMB No. 3133-0004) cycle.
    Statistical information collected through the Profile is essential 
to NCUA supervision of federal credit unions. This information also 
facilitates NCUA monitoring of other credit unions with share accounts 
insured by the National Credit Union Share Insurance Fund (NCUSIF).
    Estimated Total Annual Burden Hours: 42,464.
    Reasons for change: The Profile (NCUA Form 4501A) and its burden 
requirements have been removed from

[[Page 56477]]

OMB control number 3133-0004 due to technology resource constraints 
that have created different revision cycles. A revision to this form 
from the previous submission includes a modification to the Payday 
Alternative Loan caption to include PALs II.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on October 16, 2019.
    Dated: October 17, 2019.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2019-22965 Filed 10-21-19; 8:45 am]
 BILLING CODE 7535-01-P